Retail news

• Opinion: What really happened over Christmas – why retailers’ trading updates can’t be trusted

  23-01-2023 16:23 via retailgazette.co.uk
  
  How should one read Christmas trading statements? Every year we all get excited to see how the runners and riders fared and get a steer on how Christmas really was.
  The trouble is, we don’t really, and the steer is usually a bum one. These reports have always had the potential to mislead, but never more so than this year.
  The numbers are not independently audited, nor are there any agreed rules and conventions regarding definitions, timeframes, comparability etc.
  Companies can never be com
  
  Read more

• Tesco faces backlash from suppliers over ‘unfair’ price rise claim

  23-01-2023 15:28 via retailgazette.co.uk
  
  // Tesco receives heated responses from food suppliers over chairman John Allan’s comments
  // Allan blasted some food suppliers for using inflation as an excuse raise prices further than necessaryTesco has seen food suppliers respond to chairman John Allan’s comments on raising prices unnecessarily amid high inflation.
  Allan said on Monday that some food suppliers may be using inflation as an excuse increase prices further than necessary.
  He said it was “entirely possible&rdquo
  
  Read more

• Food suppliers oppose Tesco’s comments on raising prices unnecessarily

  23-01-2023 15:28 via retailgazette.co.uk
  
  // Tesco receives heated responses from food suppliers over chairman John Allan’s comments
  // Allan blasted some food suppliers for using inflation as an excuse raise prices further than necessaryTesco has seen food suppliers respond to chairman John Allan’s comments on raising prices unnecessarily amid high inflation.
  Allan said on Monday that some food suppliers may be using inflation as an excuse increase prices further than necessary.
  He said it was “entirely possible&rdquo
  
  Read more

• Boots courts pharmacists hit by LloydsPharmacy closures

  23-01-2023 13:58 via retailgazette.co.uk
  
  // Over 1,500 pharmacy roles at all levels across the UK are available at Boots which has welcomed LloydsPharmacy staff to apply to
  // Lloyds Pharmacy will close 237 branches inside Sainsbury’s stores over the yearBoots is recruiting for more than 1,500 pharmacy roles nationwide and has said it “welcomes applications from LloydsPharmacy staff impacted by news of closures”.
  The high street health and beauty giant said vacancies span pharmacy roles at all levels – from Phar
  
  Read more

• Advertisement

• Boots courts pharmacists hit by LloydsPharmacy

  23-01-2023 13:58 via retailgazette.co.uk
  
  // Over 1,500 pharmacy roles at all levels across the UK are available at Boots which has welcomed LloydsPharmacy staff to apply to
  // Lloyds Pharmacy will close 237 branches inside Sainsbury’s stores over the yearBoots is recruiting for more than 1,500 pharmacy roles nationwide and has said it “welcomes applications from LloydsPharmacy staff impacted by news of closures”.
  The high street health and beauty giant said vacancies span pharmacy roles at all levels – from Phar
  
  Read more

• Asda: spending power falls in every UK region

  23-01-2023 13:51 via retailgazette.co.uk
  
  // READ MORE ON GROCERY GAZETTEHousehold disposable incomes fell in every UK region during the fourth quarter of 2022, according to Asda’s latest Income Tracker.
  The figures shows that the amount households had to spend on themselves after paying taxes and essential bills fell by 11.4% to an average £209 per week, compared to £236 during the same period in 2021.
  Read more on Grocery GazetteSubscribe to Retail Gazette for free
  Sign up here to get the latest news straig
  
  Read more

• M&S extends price lock promise until Easter

  23-01-2023 13:39 via retailgazette.co.uk
  
  // M&S extends its price lock promise until Easter on a “refreshed lineup” of over 100 customer favourites
  // The new round will replace its existing promotion which lasts until the end of January.M&S is extending its price lock promise on a “refreshed line-up” of over 100 customer favourites.
  The new round will run until 9 April, replacing its existing price lock campaign which comes to an end this month.
  A number of fresh produce, cupboard staples and family ess
  
  Read more

• Japan convenience stores: changing buying habits offers revival chance 

  23-01-2023 13:35
  All-time record sales last year at local chains suggest the sector is not finished yet
  
  Read more

• Advertisement

• In pictures: Harrods opens pop-up to celebrate Chinese New Year

  23-01-2023 12:53 via retailgazette.co.uk
  
  // Harrods has opened a pop-up with LabelHood to celebrate The Year of the Rabbit this Lunar New Year.
  // The pop-up is part of the retailer’s ongoing commitment to supporting the development of emerging Chinese luxury talentHarrods has opened a pop-up with Shangai fashion and cultural community LabelHood to celebrate The Year of the Rabbit this Lunar New Year.
  The luxury department store‘s pop-up, in partnership with the community that nurtures emerging Chinese designers, is open un
  
  Read more

• Tesco boss in ‘parallel universe’ over price rises, says farmers’ union

  23-01-2023 12:52
  
  John Allan said food companies may be using inflation as an excuse to increase prices further than necessaryBritain’s farming union has accused the Tesco chairman of living in a “parallel universe” after he said food companies may be using inflation as an excuse to increase prices further than necessary.Official inflation data for December published last week showed food prices were 16.8% higher than a year earlier, the sharpest rate of food inflation since September 1977, led
  
  Read more

• Lidl faces £2.7m supplier lawsuit after cancelled orders lead to closure

  23-01-2023 12:49 via retailgazette.co.uk
  
  // Lidl faces £2.7m lawsuit from fruit & veg supplier for cancelling and reducing orders with insufficient notice
  // Proctor & Associates founder Deane Proctor said he has been “stabbed in the back” by LidlLidl is facing a £2.7 million lawsuit for allegedly “destroying” a family-owned fruit and vegetable supplier.
  Proctor & Associates founder Deane Proctor is suing the grocer for cancelling and reducing orders with insufficient notice, as well as p
  
  Read more

• Lidl faces £2.7m lawsuit for ‘destroying’ family-owned fruit and veg supplier

  23-01-2023 12:49 via retailgazette.co.uk
  
  // Lidl faces £2.7m lawsuit from fruit & veg supplier for cancelling and reducing orders with insufficient notice
  // Proctor & Associates founder Deane Proctor said he has been “stabbed in the back” by LidlLidl is facing a £2.7 million lawsuit for allegedly “destroying” a family-owned fruit and vegetable supplier.
  Proctor & Associates founder Deane Proctor is suing the grocer for cancelling and reducing orders with insufficient notice, as well as p
  
  Read more

• Up to 400 jobs at risk as Central Co-op closes distribution centres

  23-01-2023 11:30 via retailgazette.co.uk
  
  // Central England Co-op has announced plans to close three warehouses and a garage, with up to 400 roles affected
  // The group has given “an early commitment” to offer alternative roles to the staff affected within Central Co-op and the Co-operative GroupCentral Co-op is set to close three of its distribution centres, putting almost 400 jobs at risk.
  The convenience retailer has proposed to close its 3 distribution centres in Leicester and a garage on the outskirts of the city
  
  Read more

• Sosandar signs wholesale agreement with Sainsbury’s to boost brand awareness

  23-01-2023 11:22 via retailgazette.co.uk
  
  // Sosandar has signed a new wholesale partnership with Sainsbury’s 
  // Through the agreement a range of Sosandar products will be sold through the supermarket’s website this year, with selected stores planned later this yearSainsbury’s has teamed up with Sosandar to sell a curated collection of the fashion retailer‘s products through the supermarket.
  The move will see a selected range of the brand’s best selling clothing styles and accessories being sold first
  
  Read more

• Sainsbury’s to sell Sosandar clothing

  23-01-2023 11:22 via retailgazette.co.uk
  
  // Sosandar has signed a new wholesale partnership with Sainsbury’s 
  // Through the agreement a range of Sosandar products will be sold through the supermarket’s website this year, with selected stores planned later this yearSainsbury’s has teamed up with Sosandar to sell a curated collection of the fashion retailer‘s products.
  A selected range of the fashion brand’s best selling clothing styles and accessories will first be sold via the supermarket’s web
  
  Read more

• Wayfair to axe 1,750 jobs as it ramps up cost saving drive

  23-01-2023 10:42 via retailgazette.co.uk
  
  // Wayfair will cut 1,750 employees from its global workforce
  // The move is part of a $1.4bn cost-saving drive to slash operating costs amid weakening demand for its furnitureWayfair is to cut 1,750 jobs, which equates to 10% of its global workforce, as part of a $1.4bn cost-saving drive.
  Measures includes reducing its corporate employees by 18% –  1,200 jobs cut – as it looks to scale down operating costs amid weakened demand for furniture.
  The online retailer said the restruc
  
  Read more

• Fuller, Smith & Turner pub group warns on profits after UK rail strikes hit sales

  23-01-2023 09:53
  Company forecasts full-year earnings to drop below market expectations of £17.3mn
  
  Read more

• Fuller, Smith & Turner pub group blames UK rail strikes for hit to sales

  23-01-2023 09:53
  Industrial action since October leads to £4mn reduction, says group
  
  Read more

• Tesco chair John Allan criticises food suppliers for hiking prices ‘unfairly’

  23-01-2023 08:40 via retailgazette.co.uk
  
  // Tesco blasts some food suppliers for using inflation as an excuse increase prices further than necessary
  // Chairman John Allan said it was “entirely possible” that food producers were taking advantageTesco chairman John Allan has said that some food suppliers may be using inflation as an excuse increase prices further than necessary, as cost-of-living pressures weigh on consumers.
  Allan said it was “entirely possible” that food producers were taking advantag
  
  Read more

• Morrisons slashes prices across 820 products to help Brits with rising inflation

  23-01-2023 08:28 via retailgazette.co.uk
  
  // Morrisons reduces prices across 820 products to help customers with inflation
  // As well as the retailer’s own-label products, big brands to have their prices cut include Patak’s, Yeo Valley and San MiguelMorrisons has slashed the prices of 820 items across food, drink and household products as it looks to support shoppers during the cost-of-living crisis.
  The grocer has reduced prices on products including sirloin steaks, potatoes, pears and aubergines, which have been selected f
  
  Read more

• Morrisons cuts prices across 820 products to help Brits with rising inflation

  23-01-2023 08:28 via retailgazette.co.uk
  
  // Morrisons reduces prices across 820 products to help customers with inflation
  // As well as the retailer’s own-label products, big brands to have their prices cut include Patak’s, Yeo Valley and San MiguelMorrisons has slashed the prices of 820 items across food, drink and household products as it looks to support shoppers during the cost-of-living crisis.
  The grocer has reduced prices on products including sirloin steaks, potatoes, pears and aubergines, which have been selected f
  
  Read more

• Why did I pay Klarna for an Eve Sleep mattress I want to return?

  23-01-2023 08:00
  
  The mattress company went bust but £54 was taken from my accountI recently bought a £650 mattress from Eve Sleep using a 12-month repayment plan with Klarna. It arrived on 4 October but I quickly realised it was not for me and requested a return. However, the mattress company has gone bust, and I don’t know what to do.After I requested a refund I received an email on 10 October, and again two days later, asking for patience as it was very busy. When I heard nothing, I tried to
  
  Read more

• Why am I still paying Klarna for an Eve Sleep mattress I want to return?

  23-01-2023 08:00
  
  The mattress company went bust but £54 a month is being taken from my accountI recently bought a £650 mattress from Eve Sleep using a 12-month repayment plan with Klarna. It arrived on 4 October but I quickly realised it was not for me and requested a return. However, the mattress company has gone bust, and I don’t know what to do.After I requested a refund I received an email on 10 October, and again two days later, asking for patience as it was very busy. When I heard nothing
  
  Read more

• Wellie boot specialist Hunter seeks new financial backing

  23-01-2023 01:00 via theretailbulletin.com
  
  British footwear label Hunter Boot is reportedly looking into potentially securing new capital nearly three years after it was rescued in light of declining sales. The... View Article
  
  Read more

• Wayfair to cut 1,750 jobs across its global workforce

  23-01-2023 01:00 via theretailbulletin.com
  
  Furniture retailer Wayfair has announced plans to cut around 1,750 jobs, or 10% of its global workforce, as it looks to reorganise its business and become... View Article
  
  Read more

• Waitrose Duchy teabags now fully compostable

  23-01-2023 01:00 via theretailbulletin.com
  
  Waitrose has launched an own brand fully certified compostable teabag, becoming the latest retailer to assure tea drinkers of a more environmentally friendly cuppa. All teabags... View Article
  
  Read more

• Waitrose delists Mornflake porridge brand after 50 years

  23-01-2023 01:00 via theretailbulletin.com
  
  Waitrose has removed a longstanding porridge brand from its shelves after selling it for 50 years. According to The Telegraph, the supermarket has delisted Mornflake porridge... View Article
  
  Read more

• Sosandar announces new third party arrangement with Sainsbury’s

  23-01-2023 01:00 via theretailbulletin.com
  
  Women’s fashion retailer Sosandar has signed a new wholesale partnership with the Sainsbury’s supermarket.    The move will see a selected range of the brand’s best... View Article
  
  Read more

• Morrisons cuts and locks prices across 820 products

  23-01-2023 01:00 via theretailbulletin.com
  
  Morrisons is extending its price cutting programme to a further 820 popular products to take its total number of price reductions in January to over 1,000.... View Article
  
  Read more

• In The Style impacted by “difficult” trading environment in December

  23-01-2023 01:00 via theretailbulletin.com
  
  In The Style said it faced challenging trading conditions in the run-up to Christmas with total revenue declining by 22%. In the three months to 31... View Article
  
  Read more

• How SoftPOS technology could transform the retail industry

  23-01-2023 01:00 via theretailbulletin.com
  
  By Hervé Thevenin, Global Marketing Manager Vertical Sales at Worldline. It’s expected that the total number of merchants deploying Software Point Of Sales (SoftPOS) solutions will... View Article
  
  Read more

• H&M Williamsburg transforms into “Move Studio”

  23-01-2023 01:00 via theretailbulletin.com
  
  H&M’s US store in  Williamsburg has unveiled the second phase of its year-long rotating style destination dedicated to the H&M Move athletic brand. Part of the... View Article
  
  Read more

• Gloucester Quays reports record sales in 2022

  23-01-2023 01:00 via theretailbulletin.com
  
  The Gloucester Quays outlet and dining destination enjoyed record trading in the nine months to 31 December with sales up 6% on 2021 and 9% on... View Article
  
  Read more

• Boots welcomes job applications from LloydsPharmacy staff

  23-01-2023 01:00 via theretailbulletin.com
  
  Pharmacy chains, including Boots, have stepped in to offer roles to pharmacy staff affected by the news that Lloydspharmacy is to withdraw from its Sainsbury’s in-store... View Article
  
  Read more

Follow @retailuknws on Twitter!